OSAKA -- Saudi Arabia's sovereign wealth fund has boosted a stake in Nintendo to 6.07%, according to a filing made in Tokyo Thursday, as the oil-rich kingdom increases a presence in the gaming industry.
Markets
Saudi sovereign wealth fund increases Nintendo stake to 6%
Kingdom gathers know-how from gaming industry in diversification move
A Nintendo store in Osaka. The company capitalized on pandemic demand, but its stock price has recently dipped. (Photo by Toshiki Sasazu)
Read Next
.jpg?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
_2048x1152.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Markets
